Photon Dynamics raises earnings, sales outlook

JenniferInez Ward

SAN FRANCISCO (CBS.MW) -- Photon Dynamics on Monday afternoon raised the lower end of its estimated fourth-quarter earnings range, citing additonal sales from its array repair systems. The San Jose-based maker of flat-panel display equipment, is expecting earnings to be in the range of 36 cents to 40 cents a share, compared with its previous projection 33 cents to 40 cents a share. Photon is now expecting sales of $50 million to $53 million, vs. its previous outlook of $43 million to $47 million.

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